Hello all,
By now if you've seen my most recent picks, you'll probably agree I am quite the bottom feeder.
Context: Sharp drop from $2.50 halted by record volume, has managed to stick around $1 with some increasing volume which looks like it could be accumulation. Low
The strength in the selling has either halted or completely disappeared at these levels, and the increasing volume suggests value is being found and interest is building here.
No short open interest http://asic.gov.au/regulatory-resources/markets/short-selling/short-position-reports-table/
Cheers, feel free to add your thoughts, fundamental or technical.
GLTA
DFM - Bottoming out, low risk buy
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